Digital Service and Monetization

Until recently, operators of large capital equipment owned them outright. Today, we are more likely to find a hospital or a factory purchasing a subscription to an MRI (Magnetic Resonance Imaging) or CNC (Computer Numerical Control) machine and its consumables, much the same way consumers subscribe to a cell-phone plan.

Every large manufacturer is on a path toward offering subscription-based consumption models. Doing this while maintaining control over service costs and gray market post-sales revenue leakage is a significant challenge.

Oracle’s Digital Service and Monetization solution helps these companies offer a spectrum of new business models. These could range from subscriptions for consumables and services, all the way to Product-as-a-Service.

Digital Service and Monetization Capabilities

Adaptive Intelligence (AI)

Oracle’s Adaptive Intelligence (AI) Apps for Manufacturing allows collection of enterprise data and operational data into a data lake that is used for drawing insights from converged big data.

IoT Production Monitoring

Oracle IoT Production Monitoring provides rules and notifications to identify anomaly patterns and notify concerned stakeholders so they can take proactive actions thus minimizing downtime and response time.